Detailing challenges to greater state consumer protection efforts

Consumer Protection

Friday, March 01, 2019

As many predicted, the dropoff in enforcement aggressiveness from the Consumer Financial Protection Bureau (CFPB) has led to growth in state-level consumer protection activity – albeit slow, uneven growth.

Some states have been quicker than others to ramp up enforcement activity as the CFPB has become less aggressive, and Buckley Sandler Partner Jonice Gray Tucker explained to Dodd Frank Update some likely reasons for that and how some states are overcoming certain hurdles to becoming more involved on the consumer protection front.

Learn how conflicting political and regulatory ideas hinder state regulators’ efforts to band together.

The Federal Reserve Board, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have issued information on the host state loan-to-deposit ratios, which are used to determine compliance under Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. Review the ratios in Dodd Frank Update’s Library.